Regional housing in Western Australia
Short-term overseas travel to and from Western Australia
State final demand in Western Australia rose 2.0% ($610 million) to $30,972 million in trend chain volume terms in the September quarter 2007. This followed higher growth in the previous two quarters of 3.3% in the March quarter 2007 and 3.0% in the June quarter 2007.
Perth's Consumer Price Index (CPI) rose 0.6% in the September quarter 2007, less than half the rate of the previous quarter (1.4%) and slightly lower than national CPI growth (0.7%).
Western Australia's retail turnover (trend) totalled $6,407 million in the three months to October 2007, 1.1% ($70 million) more than in the previous three month period. Sales of new motor vehicles (trend) in Western Australia rose 1.0% (298) to 30,840 in the three months to November 2007, compared to the previous three month period.
|INVESTMENT AND FINANCE|
The level of business investment (trend chain volume measures) in Western Australia rose to a record high of $5,182 million in the September quarter 2007, 1.4% ($73 million) higher than in the previous quarter. The number of dwellings financed for owner occupation (trend) in Western Australia decreased 4.3% (1,121 commitments) in the three months to October 2007, compared to the previous three month period.
In the three months to October 2007, a total of 4,362 houses (trend) were approved for construction in Western Australia, 3.3% (147) less than in the previous three month period. The number of house approvals has continued to fall over the last 20 months by an average of 1.3% (21) per month.
Western Australia's trade surplus dropped 8.4% ($835 million) to $9,096 million through the year to September quarter 2007, the first fall since the June quarter 2006 (down 2.9% or $205 million through the year). The value of Western Australia's exports rose 3.7% ($551 million) to $15,313 million through the year to September quarter 2007. The value of Western Australia's imports increased 28.7% ($1,386 million) to $6,217 million through the year to September quarter 2007.
Mineral exploration expenditure (trend) in Western Australia rose 10.6% (up $26 million) to $271 million in the September quarter 2007 - the seventh consecutive quarterly rise.
There was a total of 53,031 overseas holiday arrivals to Western Australia in the September quarter 2007, 19.3% (8,580) more than in the same period of 2006. There was a total of 123,674 overseas holiday departures from Western Australia in the September quarter 2007, 33.3% (30,897) more than in the corresponding period of 2006.
There were 29,700 job vacancies in Western Australia in the August quarter 2007, 31.8% (7,100) more than in the same quarter of 2006. The number of employed persons (trend) in Western Australia rose 0.4% (4,000) to 1,119,600 in the three months to November 2007, a much lower rise than in the three months to August 2007 (up 1.2% or 13,600). Western Australia's unemployment rate (trend) remained unchanged at 3.4% in the three months to November 2007.
The estimated resident population of Western Australia was 2,105,783 in June quarter 2007, an increase of 11,234 persons (0.54%) from the previous quarter. The state's quarterly population growth was equal highest with the Northern Territory and well above the national increase of 0.33%.
|SOCIAL TRENDS - INCOME AND HOUSING |
In 2006, the mean equivalised disposable income for all households in Western Australia was $658 per week, slightly higher than the national average of $644 per week. In 2005-06, there were 803,700 occupied private dwellings in Western Australia, 23% more than in 1995-96. There were 21,600 new dwellings built and completed in 2005-06, the most since 1996-97.